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Birmingham Post

Business

Tom Keighley

Nike's North East base made 65 redundancies in pandemic as revenues fell

A restructuring move at Nike's UK business has resulted in 65 redundancies, latest accounts show.

Revenues at the Doxford Park headquartered company also fell last year due to deliberate slowing down of operations - including its marketing activity.

Nike (UK) Limited - which acts as an agent in the selling of the global sportswear brand's products - reported revenue fell from £79.7m to £63.3m in the year to the end of May 2021.

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